A report released by research firm One Alpha has found that Israeli startups have raised around $600M in the first three quarters of 2018. Despite a slowdown of ICO funding globally, out of $1.3B raised by 140 blockchain-related startups, “more than 60% of the companies and 88% of the funds were ICO-related”.
Significantly, the ICO sales figures surpass the funds raised by angel and seed venture capital investments within that period.